Joint-venture between British and Myanmar firms eyes oil and gas sector
A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of understanding at the Sule Shangri-La Hotel on March 20. Nick Henry, chief executive officer at James Fisher and Sons, said that the reason for entering into Myanmar is to assist with the country’s development of the crude oil and natural gas market, which has recently gained attention internationally. He added that the company will continue to provide services and support to oil and natural gas extraction companies, offer technological assistance, and educate local engineer graduates in the country.